Curtiss-Wright Signs Definitive Purchase Agreement to Acquire Primagraphics

Curtiss-Wright Signs Definitive Purchase Agreement to Acquire
Primagraphics
Agreement Strengthens Embedded Systems Position in Worldwide Naval Command and
Control Markets 


ROSELAND, N.J., May 17  /PRNewswire-FirstCall/ -- Curtiss-Wright Corporation 
today announced that it has signed a definitive purchase agreement to acquire
Primagraphics Holdings Limited ("Primagraphics") for approximately $21 million.
 Primagraphics will operate as a business unit of the Motion Control segment of
Curtiss-Wright, based in Gastonia, N.C.

Primagraphics is a market leader in the development of radar processing and
graphic display systems used throughout the world for military and civil
applications, such as ship and airborne command and control consoles, vessel
tracking, air traffic control and air defense systems.

With sales of approximately $12.5 million in 2003, Primagraphics' products
include graphics and imaging technologies, video and sensor processing
hardware, and software that can be readily engineered to provide vital
components for a wide variety of systems.  Key customers include AMS, BAE
Systems, Boeing, DRS Technologies, General Dynamics, Northrop Grumman, Lockheed
Martin and Raytheon.  In other markets, such as air traffic control, customers
include governmental agencies such as the United States Federal Aviation
Administration (FAA).

The consummation of the transaction is subject to customary government
approvals, completion of a review of the business, and certain closing
conditions being met by the parties.

"The addition of Primagraphics to the Curtiss-Wright family will enhance our
position as a leading embedded systems supplier for the aerospace, defense and,
in particular, naval markets," said Martin R. Benante, Chairman and CEO of
Curtiss-Wright. "Primagraphics' products broaden our market reach into radar,
sonar and video applications.  Furthermore, their European base will provide a
new platform to serve the second largest defense electronics market with access
to important programs and customers in the UK and around the world."

Primagraphics employs approximately 50 people and is headquartered near
Cambridge in the United Kingdom, with additional facilities in Charlottesville,
VA, and a worldwide network of dealers and distributors.

About Curtiss-Wright Corporation

Curtiss-Wright Corporation is a diversified company headquartered in Roseland,
New Jersey.  The Company designs, manufactures and overhauls products for
motion control and flow control applications, and provides metal treatment
services.  The firm employs approximately 4,900 people worldwide. The company
will celebrate its 75th anniversary in August, 2004.  More information on
Curtiss-Wright can be found on the Internet at http://www.curtisswright.com/.

About Curtiss-Wright Controls, Inc.

Headquartered in Gastonia, North Carolina, Curtiss-Wright Controls, Inc. is the
Motion Control segment of Curtiss-Wright Corporation.  With manufacturing
facilities around the world, Curtiss-Wright Controls is a leading
technology-based organization providing niche motion control products, embedded
computers, subsystems and services internationally.  For more information,
visit http://www.cwcontrols.com/.

Forward-looking statements in this release are made pursuant to the Safe Harbor
provisions of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from those expressed or
implied. Readers are cautioned not to place undue reliance on these forward-
looking statements, which speak only as of the date hereof. Such risks and
uncertainties include, but are not limited to: a reduction in anticipated
orders; an economic downturn; changes in competitive marketplace and/or
customer requirements; a change in government spending; an inability to perform
customer contracts at anticipated cost levels; and other factors that generally
affect the business of aerospace, defense contracting, marine electronic and
industrial companies. Please refer to the Company's current SEC filings under
the Securities and Exchange Act of 1934, as amended, for further information. 

DATASOURCE: Curtiss-Wright Corporation



CONTACT:  Alexandra Magnuson, [phone], for Curtiss-Wright

Corporation



Web site:  http://www.curtisswright.com/

http://www.cwcontrols.com/ 

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